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10 Things You Can Do To Improve Your Business with BPM Right Now There are few things more satisfying in business than resolving a "high visibility" problem within a short timeframe and being able to demonstrate clear value and/or hard savings as a result. If you seek this kind of recurring dose of high job satisfaction, you don't need to change companies to find it. Your organization is probably already full of process-related "pain points" and thus, ripe with opportunities for make meaningful improvements to the business. Ask any C-level executive how many issues they're facing tied to "Can't see it," "Can't control it," "Can't track it," "Can't take cost out of it" and "Can't standardize it." This section of BPM Univeristy describes 10 things that business process management (BPM) software can help you with. From this perspective, you will be in a better position to identify places where BPM technology can have an immediate impact on your business. 1. Eliminating Mundane Work Estimated time to return on investment (ROI): 2-4 months 2. Sustaining Compliance Bear in mind that compliance can mean more than SOX and HIPAA; it also means adherence to internal policies and procedures, as well. The sweet spot for BPM technology is any process that involves more than a single system and a heavy dose of manual activity. Estimated time to return on investment (ROI): 2-12 months 3. Extending Out Enterprise Applications This uncovers two problems. First, it's not cost effective to purchase seat licenses for everyone who has to participate in the process. Second, many people won't use the application because it wasn't designed for them. (When was the last time you saw a salesperson eager to use the company's ERP system?). BPM software hooks into enterprise applications and delivers an enterprise-wide process capability that lets people plug into the process using software they already have and already know how to use (such as Microsoft Office, email, Internet Explorer, etc.). Buy seat licenses for those for whom it makes sense; don't waste your money on everyone else. Estimated time to return on investment (ROI): 3-9 months 4. Simplifying People's Jobs BPM software can take data out of existing systems and repurpose it into the format the user is most comfortable with. How much happier would Jill be if she never had to access that antiquated program -- and could simply receive the data she needs pre-populated in an Excel spreadsheet template that she designed? The same process may require input from the legal department, and they often prefer to work in Word and Adobe PDFs. In all cases, this approach requires nothing new to install and nothing new to learn. BPM software can present the right information to the right people at the right time in the right format to put your employees in the best position to add value to your business. Estimated time to return on investment (ROI): 2-4 months 5. Reducing Risk First is the elimination of the "I never saw that coming" problems that every company faces. BPM software yields full, enterprise-wide visibility into every step (manual or automated) of a business process so that you can track things going awry and step in to "course correct" before a permanent, negative impact happens. Business rules offer automatic escalations in the case of non-responsiveness. How many times have your processes been slowed down because someone was on vacation and everything was being held up in his or her inbox? In other words, "balls will no longer be dropped." The second involves reducing the risk your company has with respect to human capital. Every organization has that one process that only "Bob" knows how to do. Well, what happens if "Bob" is out of the picture? BPM software lets you alleviate that risk by building Bob's "know how" into the process. Estimated time to return on investment (ROI): 6-9 months 6. Knocking Out Process-Related "Pain Points" or Nits I was recently at a Fortune 500 manufacturing company that requires its salespeople to use an ERP application to submit their expenses. As you can imagine, this is going over about as well as taking people's morning coffee away. As a result, people circumvent the process-thereby creating more work for other people along the way. Why not let salespeople use Excel and email to complete their expenses? BPM can manage the approval process and then feed the data into the ERP system for them. A Midwest-based healthcare firm has struggled to standardize its month-end close accounting process that involves dozens of locations. Why not standardize around a single Excel template and let BPM handle the data consolidation and manage the process? Most companies I know have many nits that can be addressed pretty quickly with BPM software. Estimated time to return on investment (ROI): 1-4 months 7. Establishing Full Visibility into How Your Business Operates White space typically makes up more than 30% of an enterprise-wide process, and this is where blindness occurs. Take the complex sales process, for example. Any time a customer requests a custom price, product, term and/or condition to the contract, it can't be entirely managed inside a CRM application. Finance has to "run the numbers" to make sure it's a good deal, legal has to "drum up" new contract language and in some cases (depending on the type of company), solutions engineers have to design a new solution. BPM software "connects the dots" among all of the people and systems that play a key role in an enterprise-wide process, rendering much greater visibility where spotty visibility currently exists. It's the difference between telling people what they're supposed to be doing and tracking what people are actually doing. Estimated time to return on investment (ROI): 4-8 months 8. Building an Agile Infrastructure The right perspective is that your business will always change because business is fluid. BPM software is built for iterative change, especially those that feature "zero code" implementations. Building out a "process infrastructure" on BPM software means that you're not just solving today's problem; you're incorporating sustainable agility and responsiveness into your organization's DNA so that your business can keep up with imminent change. Updates to the process can be made in hours and days, not weeks and months. This is a "game changing" competitive advantage to most businesses. Estimated time to return on investment (ROI): 1-6 months 9. Reducing the Burden on IT Estimated time to return on investment (ROI): 1-3 months 10. Building a Process Infrastructure Estimated time to return on investment (ROI): 6-18 months So, there you have it-10 concrete ways that people-centric BPM software can have an immediate and positive impact on your business. I challenge you to find a more versatile piece of technology with the potential to deliver positive short term value to your business-over and over and over again. |





